CEVA Logistics, Almajdouie Logistics finalize creation of joint venture in Saudi Arabia
CEVA Logistics, a global leader in third-party logistics, and Almajdouie Logistics, a leading end-to-end logistics solutions provider in the Middle East, signed the final agreement to create a joint venture in the Kingdom of Saudi Arabia (KSA). The signing took place during the inaugural Global Logistics Forum in Riyadh, according to the company's release.
First announced in July 2024 and subsequently approved by the relevant Saudi authorities, the newly created joint venture—CEVA Almajdouie Logistics—will leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia to support the Kingdom’s growing logistics sector and overall economy. CEVA Logistics controls a majority stake of the joint venture.
With a presence in Saudi Arabia since the 1980s, CEVA Logistics has collaborated with Almajdouie Logistics for years, including in a separate joint venture addressing the finished vehicle logistics market.
Now, CEVA Almajdouie Logistics combines both companies’ transport and logistics operations in Saudi Arabia. Customers will benefit from Almajdouie’s domestic infrastructure integrated with CEVA’s global network. Headquartered in Damman, the joint venture organization will be led by CEO Bassel El Dabbagh, with around 2,000 employees in KSA and a local fleet of more than 2,000 assets.
CEVA Logistics, a world leader in third-party logistics, provides global supply chain solutions to connect people, products and providers all around the world. Headquartered in Marseille, France, CEVA Logistics offers a broad range of end-to-end, customized solutions in contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at more than 1,500 facilities. With pro forma 2023 revenue of US$20.2 billion, CEVA Logistics is part of the CMA CGM Group, a global player in sea, land, air and logistics solutions.
Almajdouie Logistics is a leading integrated supply chain provider in the Middle East. They provide customers with unique solutions tailored to meet their specific needs, and their services span diverse sectors in many countries.
Almajdouie owns, operates, and integrates its assets, which are comprised of an expansive fleet of vehicles and trailers, and 1.2 million SQM of terminal and warehousing facilities - piloted by their skilled and well-trained workforce of over 2,000 employees. Headquartered in Dammam, Saudi Arabia, the company operates seven offices around the Kingdom.
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